G.E.’s Strategies Let It Avoid Taxes Altogether

Re: G.E.’s Strategies Let It Avoid Taxes Altogether

Exactly.

Both sides are responsible.

The money spent on lobbyists is the best money these companies spend. The return on investment is incredible.

And, these politicians are not only whores, they're cheap whores. Charlie Rangel agrees to a tax provision worth billions in return for getting to claim partial credit for a $30M donation from GE.

We need to make the tax code smaller & simpler.

We need to give Washington less money, less control. But, we're doing just the opposite.

 

Re: G.E.’s Strategies Let It Avoid Taxes Altogether

Honestly, how can you give Washington less money and expect the country to still operate?

I'm not a smart man, but I think we're in a little debt, these days with the money we have.

 

Re: G.E.’s Strategies Let It Avoid Taxes Altogether

Yes, but then if those loopholes are closed up and - gasp - GE has to pay some taxes, they'll outsource jobs or lay people off while still making a great profit.

 

Re: G.E.’s Strategies Let It Avoid Taxes Altogether

Well, you have them spend a whole lot less money.

The more money they collect and spend, the more valuable influence with lawmakers is. The more corruptible the entire tax code is.

How many members of the House and/or Senate prepare their own taxes? There have been stories on this, and none (or almost none) of them do. They write the tax laws and they can't prepare their own returns.

If there is a process to manipulate the tax code, corporations & "the rich" will spend money to manipulate it. It's worth it. It's money well spent.

And, it corrupts the entire process. Not to mention that it puts the government in the position of choosing winners & losers.

It should be simpler and smaller.

But instead, the federal government is taking over larger & larger chunks of our economy. There will be billions of dollars made as a result of the new healthcare system. And, many of those billions will be made by manipulating the system through "lobbying" all to willing lawmakers.

 

Re: G.E.’s Strategies Let It Avoid Taxes Altogether

This. If you want to stretch the truth and/or have a really good accountant/tax person, it's amazing how much you can avoid paying.

Charge everyone a flat 15 percent tax, make the corporation tax 10 percent (most aren't paying any at the moment), and we'll be much better off. Also can cut about 90 percent of the IRS' workforce.

 

Re: G.E.’s Strategies Let It Avoid Taxes Altogether

And about 975 lawyers at GE.

Think about all of the time and money spent on tax compliance, tax avoidance, and lobbying.

And none of it leads to any actual productivity.

 

Re: G.E.’s Strategies Let It Avoid Taxes Altogether

Wow. What would we do with all those military toys then? And all those workers at Raytheon and McDonnel-Douglas and all the other companies in the military-industrial complex. What will they do then? Think of the children!

 

Re: G.E.’s Strategies Let It Avoid Taxes Altogether

Yeah. Um, the newest helicopter I own was built in 1985.

 

Re: G.E.’s Strategies Let It Avoid Taxes Altogether

That's because you are in the "fixing people" division. You need to move to the "blowing shit up" part of the Army if you want to use the good stuff.

 

Re: G.E.’s Strategies Let It Avoid Taxes Altogether

And when I say that, I'm not being disrespectful. I just want everyone to understand we don't roll around in the newest, most expensive equipment the Army can find.